VANCOUVER, Nov. 8, 2017 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP; TSX: BLDP) today announced that a
100-kilowatt FCveloCity® fuel cell engine the Company
has sold and delivered to ABB Marine & Ports Finland ("ABB";
www.abb.com/marine) is on display and also being utilized for
onsite power at a Royal Caribbean Cruises, Ltd. event ("Royal
Caribbean"; www.rclcorporate.com) being held today and tomorrow at
the Duggal Greenhouse in Brooklyn, New
York (http://duggalgreenhouse.com).
The Royal Caribbean event involves the demonstration of leading
edge technologies currently being used by that company. These
technologies include robotics, computer technology and energy
efficiency technology.
Many port cities around the globe are seeking ways to reduce
marine vessel emissions and fuel cells provide an attractive option
for this need by delivering zero emission energy. Following the
event in Brooklyn, New York, ABB
intends to install and test the Ballard FCveloCity® fuel
cell engine and related hydrogen storage system aboard a ship. The
initial focus will be to deliver energy for hotel loads needed
during port operations, with longer term plans focusing on
evaluating the use of fuel cells for propulsion systems.
Rob Campbell, Ballard Chief
Commercial Officer said, "We are very pleased that Ballard fuel
cell technology has been chosen by ABB for this project. ABB is a
market leader in marine solutions and the marine market is a new
and exciting opportunity for Ballard in the expanding use of our
fuel cells for heavy duty power applications."
Ballard is working on a number of market initiatives to provide
zero emission modular megawatt scalable fuel cell solutions for the
marine market.
To the shipping industry, ABB Marine & Ports offers an
extensive portfolio of integrated marine systems and solutions that
improve flexibility, reliability and energy efficiency of
vessels.
About Ballard Power Systems
Ballard Power Systems
(NASDAQ: BLDP; TSX: BLDP) provides clean energy products that
reduce customer costs and risks, and helps customers solve
difficult technical and business challenges in their fuel cell
programs. To learn more about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
planned product deployments, provision of services, market adoption
and demand for our products and available subsidies. These
forward-looking statements reflect Ballard's current expectations
as contemplated under section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any such forward-looking statements are based on Ballard's
assumptions relating to its financial forecasts and expectations
regarding its product development efforts, manufacturing capacity,
and market demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these forward
looking statements, other than as required under applicable
legislation.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard
Common Shares have not been registered under the United States
Securities Act of 1933, as amended, or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
SOURCE Ballard Power Systems Inc.